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LG Will Triple OLED Production Capacity  Print E-mail
Home Theater News Industry-Trade News
Written by Dick Ward   
Thursday, 22 April 2010

Since Sony backed out of the OLED race, LG has been leading the charge.  LG execs have made bold statements about their OLED goals, and predicted a near future in which OLED displays are actually cheaper than LCDs.

In search of that goal, LG has invested the equivalent of $225 million into OLED production.  They plan to use this investment to upgrade their production numbers from 4,000 glass substrates yearly to 12,000 by the end of 2011.  Mass production of OLEDs, according to LG, will begin in the third quarter of this year.

"Timely production based on accurate market prediction and customer-oriented marketing activities have reinforced our customer base," said LG CEO Young Soo Kwon.  "We will step up development efforts in new areas such as AMOLED and flexible display to expand our business portfolio and ensure sustained growth over the long run."







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